The National Council of Insurance Legislators (NCOIL) is an organization of state legislators whose main area of public policy concern is insurance legislation and regulation. Many legislators active in NCOIL either chair or are members of the committees responsible for insurance legislation in their respective state houses across the country.
THE NATIONAL COUNCIL OF INSURANCE LEGISLATORS (NCOIL)
NCOIL is a legislative organization comprised principally of legislators serving on state insurance and financial institutions committees around the nation. NCOIL writes Model Laws in insurance, works to both preserve the state jurisdiction over insurance as established by the McCarran-Ferguson Act seventy-four years ago and to serve as an educational forum for public policy makers and interested parties.
Founded in 1969, NCOIL works to assert the prerogative of legislators in making state policy when it comes to insurance and educate state legislators on current and perennial insurance issues.
TOWARD THAT END, NCOIL WORKS TO:
Educate state legislators on current and perennial insurance issues
Help state legislators from different states interface effectively with each other
Improve the quality of insurance regulation
Assert the prerogative of legislators in making state policy when it comes to insurance
Speak out on Congressional initiatives that attempt to encroach upon state primacy in overseeing insurance
Many legislators active in NCOIL chair or are members of the committees responsible for insurance in their respective state houses across the country. All states are either general or contributing NCOIL members.
THE GLOBAL SCENE
NCOIL is state legislators’ eyes and ears on the global front regarding issues of concern between the United States and the European Union—including a groundbreaking shift in international accounting standards that will transform how U.S. companies do business.
NCOIL efforts have included meetings between NCOIL legislators and EU and UK parliamentarians and regulators both in this country and abroad.
NCOIL also monitors and reports on meetings of the NAIC, International Association of Insurance Supervisors (IAIS), and other organizations.
Source: Event Website